Perma-Fix Environmental Services (NASDAQ:PESI) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

by · The Cerbat Gem

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.11 and traded as high as $14.86. Perma-Fix Environmental Services shares last traded at $14.82, with a volume of 200,251 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Analysis on PESI

Perma-Fix Environmental Services Stock Up 1.2%

The company has a quick ratio of 1.72, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $274.47 million, a P/E ratio of -22.45 and a beta of 0.38. The firm has a fifty day simple moving average of $13.27 and a 200-day simple moving average of $12.11.

Perma-Fix Environmental Services (NASDAQ:PESI – Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The industrial products company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. Perma-Fix Environmental Services had a negative net margin of 19.15% and a negative return on equity of 19.45%. The business had revenue of $17.45 million for the quarter, compared to analysts’ expectations of $16.30 million.

Institutional Investors Weigh In On Perma-Fix Environmental Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in shares of Perma-Fix Environmental Services by 102.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock valued at $34,000 after buying an additional 1,699 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in Perma-Fix Environmental Services in the third quarter valued at $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Perma-Fix Environmental Services by 18.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 1,515 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Perma-Fix Environmental Services during the 1st quarter worth about $77,000. Finally, Rhumbline Advisers increased its stake in shares of Perma-Fix Environmental Services by 18.4% during the 1st quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 2,671 shares during the last quarter. 25.52% of the stock is owned by institutional investors.

About Perma-Fix Environmental Services

(Get Free Report)

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.

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